SBP-held forex reserves rise by $15.6 million

KARACHI: The State Bank of Pakistan (SBP) has reported an increase in its foreign exchange reserves, which rose by $15.6 million, or 0.17 per cent, to $9.41 billion during the week ending July 5, 2024. This data was released by the SBP on Thursday.

In addition to the SBP’s reserves, the country’s total foreign exchange reserves saw a rise of $71.7 million, or 0.49 per cent, reaching a total of $14.64 billion.

Moreover, the reserves held by commercial banks also experienced an upward trend, increasing by $56.1 million, or 1.08 per cent, to $5.24 billion.

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